Online Bookkeeping Services Norwich, CT

Your financial statements aren’t just numbers on a page, they are the backbone of your company’s growth. Whether you need to make informed decisions, secure funding, or meet regulatory requirements, we deliver accurate, fully compliant financial statements that provide a transparent overview of your organization’s standing.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a comprehensive summary of your revenue, outflows, and profits so you can track performance, identify trends, and make smarter financial decisions.
• Balance Sheet - A concise overview of your resources, debts, and equity, helping you assess your financial health.
• Cash Flow Statement - See exactly where your money is coming from and your expense distribution, so you can maintain stability and avoid cash shortages.
• Financial Ratios & KPI Analysis - We evaluate key indicators like profit margins and liquidity ratios to spot areas for growth and potential risks.
• Investor & Grant Reporting - Professionally prepared reports tailored for banks, investors, and grant agencies to help you raise capital.

Accurate financial statements increase trust among investors, minimize uncertainties, and help you steer your business toward success that accelerate expansion.

A solid financial plan is the foundation to long-term success and financial stability. We create customized budgets and forecasts to help you stay on track, anticipate challenges, and steer your business with confidence.

How We Help:

• Annual & Monthly Budgeting - Structured financial plans built around historical trends, market standards, and future goals. 
• Revenue & Expense Forecasting - Comprehensive projections that help you anticipate future financial needs, ensuring steady growth. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and realistic-case financial models to enhance financial resilience.
• Budget vs. Actual Performance Tracking - Systematic comparisons between your financial projections and actual financial performance to adjust strategies proactively.

Proactive budgeting and forecasting give you financial confidence, minimize unexpected shortfalls, and allow you to grow with confidence.

Generating revenue doesn’t ensure financial stability, cash flow does. We help you take control of your cash flow effectively so you can meet financial obligations, handle payroll, and invest in growth.

What We Offer:

• Cash Flow Projections - Short- and long-term forecasts to prevent cash shortages and sustain stability.
• Accounts Payable & Receivable Optimization - Faster invoice collections and efficient payables management to strengthen cash flow.
• Expense Tracking & Cost Control - Spot wasteful spending, eliminate unnecessary expenses, and increase margins.
• Emergency Fund Planning - Build financial reserves to create a safety net from unexpected downturns.
• Liquidity & Solvency Planning - Ensure your business maintains healthy financial ratios and is always prepared for growth opportunities.

Poor cash flow management is one of the biggest reasons businesses fail, our expertise ensures yours doesn’t.

Errors in payroll can lead to unhappy employees, tax penalties, and legal trouble. We take payroll off your plate, ensuring your team gets paid accurately, on time, and in complete alignment with regulations.

What We Do:

• Payroll Processing & Direct Deposits - Effortless handling of employee pay, contractor payments, and automatic deposits.
• Federal & State Payroll Tax Withholding - Precise tax deductions to keep your business compliant.
• Quarterly & Annual Tax Filings - We handle all payroll-related tax documents, including W-2s, 1099s, and quarterly tax returns.
• Benefits, Deductions & Overtime Compliance - Accurate management of medical coverage, 401(k) contributions, and extra hours compensation.
• Payroll Audits & Compliance Checks - Regular payroll evaluations to prevent issues, avoid penalties, and ensure compliance.

A reliable payroll system keeps your employees happy, shields you from lawsuits, and ensures compliance.

Audits can be nerve-wracking, but they don’t have to be. We help you stay audit-ready year-round with error-free books and full compliance with regulations.

How We Help:

• Audit-Ready Financial Statements - Ensure all your financial reports pass audits with ease.
• Internal Controls Assessment - Identify fraud risks, errors, and policy violations before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for NGOs to stay grant-compliant and meet grantor requirements.
• IRS & Tax Audit Support - Full documentation, expert guidance, and legal adherence if you’re audited.
• Pre-Audit Preparation & Risk Mitigation - We review your records to spot potential red flags before an audit begins.

Maintaining audit preparedness minimizes anxiety, keeps you legally secure, and shields your organization from costly penalties.

Beyond bookkeeping and regulatory adherence, we provide professional financial insights to help you improve earnings, get financing, and enhance decision-making.

What We Offer:

• Revenue and Expense Evaluation - Identify opportunities to increase income and cut unnecessary costs for a stronger bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and fine-tune your tax strategy to minimize liabilities and retain more profits.
• Investment Preparation & Funding Strategy - Prepare professional financial reports and presentations to gain investor interest or secure business loans with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure financial longevity.

The right financial strategy can take your business from surviving to expanding.